PCB gives new monetary mannequin to PSL franchises

The event got here as PCB Chairman Ramiz Raja chaired a gathering of the Pakistan Tremendous League Governing Council, a press release from the board mentioned.

In PCB’s bid to resolve considerations raised by the franchises relating to the league’s monetary mannequin, the board has provided the next to the six franchises:

COVID-19 aid for HBL PSL 5 and 6

Elevated share from the Central Pool of Income (CPR) for HBL PSL 7–20

Fixation of the greenback fee

Following the choice, Raja mentioned: “Taking into the account the authorized and contractual framework, the PCB has provided a brand new monetary mannequin to the franchises with the only real goal of supporting and resolving their considerations.”

“The PCB expects the franchises to simply accept this provide in order that we are able to change our give attention to strengthening the HBL PSL model,” the chairman added.

The follow-up assembly got here after the PCB chairman had met the Pakistan Tremendous League Governing Council final Friday, the place he had highlighted and appreciated the franchises’ contribution to the expansion, growth, and promotion of Pakistan cricket.

He had assured the crew house owners that he remained dedicated to upscaling, enhancing, and strengthening the HBL PSL model, a press release from the PCB had mentioned.